US HB823 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 115-0)
Status: Introduced on February 2 2017 - 25% progression, died in committee
Action: 2017-02-02 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2017 - 25% progression, died in committee
Action: 2017-02-02 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Expand American Educational Opportunity Act of 2017 This bill amends the Internal Revenue Code to replace the Hope Scholarship and Lifetime Learning tax credits with a modified American Opportunity Tax Credit that: (1) allows an income tax credit of up to $2,500 of the qualified tuition and related expenses of a student who is carrying at least one half of a normal course load, (2) allows a lifetime dollar limitation for the credit of $15,000 for all taxable years, and (3) increases the refundable portion of the credit to a maximum of $1,500. The bill allows an exclusion from gross income of any amount received as a Federal Pell Grant.
Title
Expand American Educational Opportunity Act of 2017
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-02 | House | Referred to the House Committee on Ways and Means. |
| 2017-02-02 | House | Introduced in House |
Subjects
Higher education
Income tax credits
Income tax exclusion
Inflation and prices
Student aid and college costs
Taxation
Income tax credits
Income tax exclusion
Inflation and prices
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/823/all-info |
| Text | https://www.congress.gov/115/bills/hr823/BILLS-115hr823ih.pdf |
